{"jurisdiction": "us-ny", "code": "eptl", "section": "7-5.8", "citation": "EPTL § 7-5.8", "heading": "Application", "text": ["§ 7-5.8 Application", "This part shall apply to all funds in trust accounts, as defined in paragraph (d) of section 7-5.1, which are in existence on its effective date, except that its provisions shall not impair or defeat any rights which have accrued prior to such date."], "official_source": "https://www.nysenate.gov/legislation/laws/EPT/7-5.8", "from_official_api": true, "plain_english": "This part applies to all qualifying trust-account funds already in existence on its effective date, but it **cannot impair or defeat rights that accrued before that date**. ★", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/eptl/7-5.8", "publisher": "Elyphived LLC"}